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Guideline Value

Corporate

Guideline Value for VALLAL PARI NAGAR / EXTN

₹1320/sq.ft.

The guideline value for Vallal Pari Nagar / Extn in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vallal Pari Nagar / Extn

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Vallal Pari Nagar / Extn guideline value

The current guideline value of Vallal Pari Nagar / Extn is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is part of Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Vallal Pari Nagar / Extn has changed

The guideline value for Vallal Pari Nagar / Extn has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 400 per sq.ft. This figure saw a significant increase to Rs 1,200 per sq.ft in 2012, marking a 200% rise. The value remained unchanged at Rs 1,200 per sq.ft until the next revision in 2023, where it increased to Rs 1,320 per sq.ft, reflecting a 10% increase. The current guideline value, effective from 1 July 2024, is also Rs 1,320 per sq.ft.

It is important to note that there are no recorded figures for Vallal Pari Nagar / Extn in the years 2002, 2003, and 2017. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pallikaranai

Within Pallikaranai village, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Vallal Pari Nagar / Extn's 2024 figure below this median.

Stamp duty and registration fee for property in Vallal Pari Nagar / Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vallal Pari Nagar / Extn?

The Vallal Pari Nagar / Extn area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Vallal Pari Nagar / Extn?

The current guideline value of Vallal Pari Nagar / Extn is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 230% over these years.

What is the land classification for Vallal Pari Nagar / Extn?

The land classification for Vallal Pari Nagar / Extn is Residential Class IV Type - II.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Vallal Pari Nagar / Extn, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Vallal Pari Nagar / Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 1,18,800.